In ________, an Assignment May Be Made by the Creditors

question 28

Multiple Choice

In ________, an assignment may be made by the creditors to a third party who then has the power to liquidate the firm's assets.

• A) a voluntary private liquidation
• B) an involuntary private liquidation
• C) an involuntary liquidation under Chapter Seven of the Bankruptcy Reform Act of 1978
• D) a voluntary liquidation under Chapter Seven of the Bankruptcy Reform Act of 1978

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